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Tuesday, May 24, 2022
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House prices in Kenya drop as apartments get impetus

House prices in Kenya drop as apartments get impetus

House buyers have shifted back to apartments as demand for townhouses appeared to fizzle out even as House prices in Kenya drop, a new report by Kenya Bankers Association has shown. The Kenya Bankers Association...
China-funded Africa CDC HQ construction marks major milestone

China-funded Africa CDC HQ construction marks major milestone

TThe African Union (AU) Commission on Friday marked structural completion of the main building of the China-aided future headquarters of the Africa Centers for Disease Control and Prevention. The topping out ceremony, which took place...
KenGen launches Olkaria V geothermal power project

KenGen launches Olkaria V geothermal project

Kenya's power producer KenGen has announced the launch of the 158MW Olkaria V Geothermal Power Plant which the company says is part of its green energy programme aimed at ensuring a steady supply of energy...
Covid-19 disruptions call for reimagining urban development-experts

Covid-19 disruptions call for reimagining urban development-experts

The need for social distancing and better sanitation due to Covid-19 pandemic could leapfrog African city development into a more sustainable future, an expert has said. Duncan Bonnett, Director Market Access & Research at Africa...
Low Cobalt prices, Africa setbacks shrinks Glencore’s first-half profit

Low Cobalt prices, Africa setbacks shrinks Glencore’s first-half profit

Glencore Plc is planning to shut down its Mutanda project in the Democratic Republic of Congo due to reduced economic viability, the firm's chief executive has said. Mr Ivan Glasenberg announced the plans even as...
Chinese firm Libo Construction enters African market

Chinese firm Libo Construction enters African market

Chinese firm Libo Construction Company Limited has entered the African market a move that CEO Tang Guozhong calls a ‘giant leap’ for a firm that was formed in 2006. Mr Tang said that the company...
Egypt moves to regulate nuclear power plants

Egypt moves to regulate nuclear power plants

Egypt seeks to regulate nuclear power plants construction in the country through parliament.Committee on Energy and Environment is already discussing a new law to that effect. The law with 19 articles aims at the executive...
NORAD bolsters renewable projects in Africa

NORAD bolsters renewable projects in Africa

The Norwegian Agency for Development Cooperation (NORAD) has committed to provide grant funding to the African Trade Insurance Agency (ATI), valued at NOK 500m (USD 56m), allocated over an initial period of 5 years....
Newly constructed Nxuba wind farm ready for energy generation

Newly constructed Nxuba wind farm ready for energy generation

With the commissioning of its final wind turbine at 140 MW Nxuba Wind Farm in the Eastern Cape, Enel Green Power (EGP) commenced with the generation and delivery of energy, despite challenges attributed to...
UK firm buys stake in Kenya's quantity surveying firm YMR

UK firm buys stake in Kenya’s quantity surveying firm YMR

A UK-based global construction and consultancy firm Mace, has acquired a major stake of East African quantity surveying company YMR. Mace’s chief operating officer for consultancy Jason Millett  says the move is aimed at strengthening ...
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